Resolution Capital Ltd Has $581.64 Million Holdings in Digital Realty Trust, Inc. (NYSE:DLR)

Resolution Capital Ltd increased its stake in Digital Realty Trust, Inc. (NYSE:DLR) by 15.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,279,985 shares of the real estate investment trust’s stock after purchasing an additional 434,039 shares during the quarter. Digital Realty Trust makes up approximately 10.5% of Resolution Capital Ltd’s portfolio, making the stock its 3rd biggest holding. Resolution Capital Ltd’s holdings in Digital Realty Trust were worth $581,640,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in Digital Realty Trust during the 4th quarter valued at $3,858,428,000. Northern Trust Corp grew its position in shares of Digital Realty Trust by 57.5% in the fourth quarter. Northern Trust Corp now owns 5,080,550 shares of the real estate investment trust’s stock valued at $900,934,000 after purchasing an additional 1,854,748 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Digital Realty Trust by 66.6% during the 4th quarter. Deutsche Bank AG now owns 3,081,821 shares of the real estate investment trust’s stock valued at $546,499,000 after purchasing an additional 1,232,043 shares during the period. Alliancebernstein L.P. lifted its holdings in Digital Realty Trust by 91.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,529,796 shares of the real estate investment trust’s stock worth $271,279,000 after purchasing an additional 731,690 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Digital Realty Trust in the 4th quarter worth about $125,336,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

DLR has been the topic of a number of recent analyst reports. New Street Research raised shares of Digital Realty Trust to a “hold” rating in a report on Monday, April 28th. Mizuho decreased their target price on shares of Digital Realty Trust from $211.00 to $177.00 and set an “outperform” rating on the stock in a report on Friday, March 28th. JMP Securities reissued a “market outperform” rating and issued a $220.00 price target on shares of Digital Realty Trust in a report on Monday, April 28th. StockNews.com cut shares of Digital Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 22nd. Finally, Scotiabank lowered their price objective on Digital Realty Trust from $208.00 to $206.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $183.85.

Digital Realty Trust Stock Performance

NYSE:DLR opened at $165.21 on Thursday. Digital Realty Trust, Inc. has a 1-year low of $129.95 and a 1-year high of $198.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 1.61. The business has a 50 day moving average of $151.63 and a 200 day moving average of $167.63. The company has a market capitalization of $55.64 billion, a price-to-earnings ratio of 101.98, a PEG ratio of 4.38 and a beta of 0.93.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.04. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a net margin of 10.85% and a return on equity of 2.97%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 EPS. On average, sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $1.22 dividend. The ex-dividend date was Friday, March 14th. This represents a $4.88 annualized dividend and a dividend yield of 2.95%. Digital Realty Trust’s dividend payout ratio is currently 456.07%.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.